Account Fee Sample Clauses

Account Fee. If an Account Fee is applicable, it will be deducted from the Contract Value as shown on the Contract Specifications.
AutoNDA by SimpleDocs
Account Fee. LNL will deduct an Account Fee from the Contract Value as shown on the Contract Specifications.
Account Fee. On each Account Anniversary prior to the Annuity Commencement Date, the Company will deduct from the value of each Participant's Account an annual account fee to reimburse the Company for administrative expenses relating to the Contract and the Participant's Account. The account fee is the amount specified on the Certificate Specifications Page. The Company will deduct the account fee on a pro rata basis from amounts allocated to each Guarantee Period and each Sub-Account in which the Participant's Account is invested at the time of such deduction. If a Participant's Account is surrendered for its full value on other than an Account Anniversary, the Company will deduct the full account fee at the time of such surrender. The Company will waive the account fee when either (a) the entire Participant's Account Value has been allocated to the Fixed Account during the entire previous Account Year, or (b) the Participant's Account Value is greater than the amount specified on the Certificate Specifications page on the Account Anniversary. On the Annuity Commencement Date the value of the Participant's Account will be reduced by a proportionate amount of the account fee to reflect the time elapsed between the last Account Anniversary and the day before the Annuity Commencement Date. After the Annuity Commencement Date, the Company will deduct an annual account fee in an amount specified on the Certificate Specifications page in equal amounts from each Variable Annuity payment made during the year. The Company makes no such deduction from Fixed Annuity payments.
Account Fee. We will deduct an Account Fee from the Contract Value as shown on the Contract Specifications.
Account Fee. Active direct $14.00 per account per annum Active NSCC Level III $ 9.00 per account per annum Inactive Account: $ 2.00 per account per annum Fees shall be calculated and paid monthly based on one-twelfth (1/12th) of the annual fee. An inactive account is defined as having a zero balance with no dividend payable. Inactive/closed accounts that have been inactive/closed for at least 18 months are generally purged at least annually and, at MNA’s discretion, may be purged more frequently, as many as three times per year. Fees will not be prorated. Any part of a month for which services are provided will be billed as a full month.
Account Fee. In certain circumstances other fees and charges may be payable by you to us under the Agreement (e.g. Late Fee).
Account Fee. For the use of the Services we will charge a one-off registration fee as well as an annual fee for each individual account, hereafter referred to as "account fee". These amounts exclude VAT and will be indexed annually. The applicable rates will be announced via the website. Invoices will be issued yearly in January on the basis of the registration details; the payment needs to be done within thirty (30) calendar days after the date the invoice is sent via e-mail.
AutoNDA by SimpleDocs
Account Fee. The Account Fee is $35 per Contract Year. The Account Fee will be deducted on the first Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Account Fee will be deducted upon the surrender. The Account Fee will be deducted from each Variable Subaccount and/or any Dollar Cost Averaging Fixed Account on a pro-rata basis. The Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds $100,000.00 as of the Valuation Date on which the Account Fee would otherwise be deducted. The Account Fee will be waived after 15 Contract Years. The Account Fee will also be waived on and after the Annuity Commencement Date. DOLLAR COST AVERAGING FIXED ACCOUNT: Minimum Guaranteed Interest Rate: 3.00% INITIAL DURATIONS/INTEREST RATE: 6 Months 3.00%
Account Fee. The Account Fee is $50 per Contract Year. The Account Fee will be deducted on the first Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Account Fee will be deducted upon the surrender. The Account Fee will be deducted from each Variable Subaccount on a pro-rata basis. The Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds $50,000.00 as of the Valuation Date on which the Account Fee would otherwise be deducted. The Account Fee will be waived after 15 Contract Years. The Account Fee will also be waived on and after the Annuity Commencement Date. PREMIUM BASED CHARGE: If additional Purchase Payments are shown on the application, each Purchase Payment approved and added to the Contract by the Purchase Payments Acceptance Deadline is subject to a Premium Based Charge. The Premium Based Charge is calculated separately for each Purchase Payment approved and added to the Contract by the Purchase Payments Acceptance Deadline and is deducted quarterly over a 7-year period (Premium Based Charge Period). Each Purchase Payment approved and added to the Contract by the Purchase Payments Acceptance Deadline is subject to a separate Premium Based Charge Period. If the Contract is fully surrendered prior to the end of any Premium Based Charge Period, any remaining Premium Based Charge for all Purchase Payments will be deducted from the Surrender Value. Upon a withdrawal, a portion of any remaining PBC for all Purchase Payments may be deducted from the Contract Value at the time of withdrawal, as described in this Contract Specifications.
Account Fee. The Account Fee is $50 per Contract Year. The Account Fee will be deducted on the first Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Account Fee will be deducted upon the surrender. The Account Fee will be deducted from each Variable Subaccount on a pro-rata basis. The Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds $50,000.00 as of the Valuation Date on which the Account Fee would otherwise be deducted. The Account Fee will be waived on and after the Annuity Commencement Date.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!